Eagle Wealth Strategies LLC Has $340,000 Stake in The Charles Schwab Co. (NYSE:SCHW)

Eagle Wealth Strategies LLC raised its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,592 shares of the financial services provider’s stock after purchasing an additional 217 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in Charles Schwab were worth $340,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Washington Trust Advisors Inc. raised its position in Charles Schwab by 62.6% during the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP purchased a new position in Charles Schwab during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new position in Charles Schwab during the 3rd quarter valued at about $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Charles Schwab in the 3rd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Charles Schwab in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SCHW shares. Bank of America dropped their price objective on shares of Charles Schwab from $63.00 to $61.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 16th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. JMP Securities reissued a “market outperform” rating and set a $94.00 price objective (up previously from $84.00) on shares of Charles Schwab in a research report on Monday, December 9th. Barclays upped their target price on Charles Schwab from $95.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Cowen lifted their price target on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Charles Schwab has a consensus rating of “Hold” and an average target price of $83.47.

Charles Schwab Stock Performance

NYSE:SCHW opened at $80.88 on Wednesday. The firm has a market capitalization of $143.93 billion, a PE ratio of 31.59, a PEG ratio of 1.40 and a beta of 0.99. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The Charles Schwab Co. has a 1 year low of $61.01 and a 1 year high of $83.35. The firm’s fifty day simple moving average is $77.71 and its 200 day simple moving average is $70.68.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $5.33 billion for the quarter, compared to analyst estimates of $5,190,822.51 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts anticipate that The Charles Schwab Co. will post 3.16 EPS for the current year.

Insiders Place Their Bets

In related news, insider Nigel J. Murtagh sold 12,739 shares of Charles Schwab stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares of the company’s stock, valued at $4,796,497.64. This trade represents a 17.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $77.02, for a total value of $192,550.00. Following the transaction, the insider now owns 18,069 shares in the company, valued at $1,391,674.38. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,823 shares of company stock valued at $2,171,194 in the last three months. Company insiders own 6.60% of the company’s stock.

Charles Schwab Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.